106510/106576 zone tested to many times, wont short there again.
Crude is nearing the target of 52 after the breakout of the triangle after the OPEC meeting a couple weeks ago. RSI and Stochastik are now very much overbought and even generated some sell signals. Also, as of now, there is a divergence in stochastik and RSI indicating the market is due for a correction sideways or lower. Without any fundamental news a correction...
Testing very strong level 51-53. Orders SELL = 51,32 SL=45 TP=48,85 If SL => BUY = 51,32 SL=30 TP =53,7 Other: BUY=47,7 SL=30 TP =51,3 BUY=44,65 SL=30 TP=47,25
Orders: SELL=97,3 SL=30 TP=96,5 BUY=96,3 SL=20 TP=97,1 BUY=95,6 SL=30 TP=96,4
Market has been narrowing awaiting the OPEC meeting. Trading volume has declined going into tighter trading ranges (red triangle). This is a great example for a symmetric triangle. Breakout direction to be determined. Also, the greater picture shows a slowing uptrend leading into a very long term triangle. Patience is required. My bias would be leading to the...
Looking to test 200 day MA and upsloping trend line in blue for the shorter term. Overall the market is still in a buy territory, but a test of the 200 day MA might be likely. Weather concerns for the upcoming fall and winter are not an issue yet. Physical demand as my sources tell me has been more than subdued over the sommer after the end user buying...
As we see some support is coming in from our longer term trend channel as well as the lower Bbands. So far the last three weeks have provided with the expected sideways action once reaching 50. Selling calls has been the right strategy so far (51, 52 and 53 calls). At this support I am covering my short calls, but will hold of selling any put spreads to see how...
Expecting a breather as gold seems quite oversold. Look for overall sideways action for the next 5 to 10 trading days On a weekly basis, 1200 level marks the middle BBands, hence expecting some support to come in. Should we break 1200, downside targets of 1120, 110 as well as old lows at 1060 IMHO selling put spreads for the time being might be good to take...
Good opportunity to sell some upside calls or call spread, above 1.60 strike for sideways or correction lower IMHO Targets on downside middle BBands and lower trend line (orange). (Time frame next 5-10 trading days)
I believe that CME is a Buy... not for a super long hold but for a few weeks at least.
CME STRUCTURE IS MAKING HIGHER FOOTPRINTS OF PRICE..... UNTIL IT CHANGES ITS PATH ,,,,LEAN ON THE TREND.
Long position! Buy limit 10 lots at the price 1073.50 and second buy limit 100 lots at the price 1065.73. Both trades S/L 1060.00 & T/P 1087.00! Have a nice trades! Sincerely yours, Powerful Traders!
I wanna buy, near the prices 16.90666-16.79000 (strong buyer's core). S/L 16.47824, T/P 18.13764
Oversold on Bollinger, but Indicator momentum in line with new lows. I am looking towards the extension of the previous lows this year to get to 34-35 for support, then 33 (old front month low of January 2009) Until then, more of the effects of the OPEC meeting, which yielded more supply coming on line in the near future. These levels are not worth shorting...
Running into the 200 day MA at 51, which should give some resistance, as well as the upper Bollinger bands. If it breaks a little to the upside targets at If a correction takes place levels to look out for at 4780-4820
NGAS Natural Gas Pitchfork Break Down Natural Gas price has broken down out of its pitchfork channel from the peak of $3.1 Charting further test of support levels at 2.534, 2.471 and 2.437 I'm currently long and will be looking to reduce the average cost of my position by short selling.
Wheat has been in free-fall since Dec. 19. After a strong buying day on Monday, sellers are keeping the price clamped down right at the 9 day EMA. This is one to watch as it's setting up for a possible rally if it can break through that resistance line.
TECH-NOTE: From Twitter: ---------- #CME's $ESZ2014 eyes internal 1.414-Fib and 1-3-5 Line confluence: - via @tradingview | $USD $JPY #nikkei #forex ---------- Worth following as it correlates positively well with $USDJPY